Shiba Inu coin price jumps to another record high, muscles into top 10 cryptocurrencies by market cap

Shiba inu soared more than 45% over the last 24 hours, with the coin's price jumping to yet another record high. 

New Delhi: Meme-based cryptocurrency shiba inu soared more than 45% over the last 24 hours, muscling its way into the top ten largest digital tokens by market capitalisation.

Shiba inu is a spinoff of dogecoin, itself born as a satire of a cryptocurrency frenzy in 2013, and has barely any practical use.

Yet it`s price has rocketed around 180% in the last seven days, according to CoinMarketCap, leapfrogging dogecoin to become the 8th most valuable cryptocurrency with a total value of $42 billion.